Read the Legislative Services Agency “Monthly Memo” on state tax receipts. Personal income tax payments to the state were down 2.1 percent in October, 2009, compared to October, 2008. Sales and use tax payments to the state were down 18.2 percent in the October, 2009, to October, 2008 comparison.
In the first four months of the state fiscal year (July, August, September & October), there’s been a 7.8 percent drop in overall state tax collections compared to the same four-month period last year.
About O.Kay Henderson
Kay is a founding member of the Radio Iowa network newsroom. In 1994, she became the network’s news director. She’s a featured reporter and commentator on Iowa Public Television’s “Iowa Press,” and the 2002 recipient of the Shelley Award.
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